better and a "catching up" effect of Bulgaria’s Total Factor Productivity levels towards those of Germany has been observed … the theory to hold. Furthermore, the study focuses on Total Factor Productivity as a measure of efficiency of resource … allocation, employs growth accounting in Bulgaria relative to a frontier country (Germany), and tries to explain the Total Factor …

better and a "catching up" effect of Bulgaria's Total Factor Productivity levels towards those of Germany has been observed … the theory to hold. Furthermore, the study focuses on Total Factor Productivity as a measure of efficiency of resource … allocation, employs growth accounting in Bulgaria relative to a frontier country (Germany), and tries to explain the Total Factor …

contract terms regulation. These measures were meant for removing the obstacles to competition within and between the insurance … results, the industry experienced positive total factor productivity (TFP) growth during the observation period, which is … presence of increasing returns to scale led to efficiency gains of the firms. -- Insurance markets ; Total factor productivity …